Celanese Net Debt vs Non Current Assets Total Analysis

CE Stock

USD 162.73 3.65 2.29%

Celanese financial indicator trend analysis is way more than just evaluating Celanese prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Celanese is a good investment. Please check the relationship between Celanese Net Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.

Net Debt vs Non Current Assets Total

Net Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Celanese Net Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.

The correlation between Celanese's Net Debt and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Celanese, assuming nothing else is changed. The correlation between historical values of Celanese's Net Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Celanese are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Debt i.e., Celanese's Net Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Celanese's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Celanese current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.At present, Celanese's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 30.7 B, whereas Discontinued Operations is forecasted to decline to (7.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	2.4B	2.4B	1.7B
Total Revenue	8.5B	9.7B	10.9B	6.9B

Gross Profit Total Revenue

Celanese fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.95	-0.09	-0.14	-0.73	0.99	1.0	0.74	0.8	0.16	0.73	0.01	0.99	0.89	0.8	0.89	1.0	0.28	0.99	0.64	0.76	0.99	0.98	0.97	0.83	0.91
Total Stockholder Equity	0.95		-0.1	-0.19	-0.79	0.91	0.93	0.76	0.76	-0.09	0.69	-0.06	0.92	0.94	0.78	0.82	0.95	0.23	0.91	0.57	0.74	0.93	0.88	0.93	0.8	0.93
Other Assets	-0.09	-0.1		-0.81	0.41	-0.08	-0.13	-0.29	0.14	0.05	-0.45	0.83	-0.11	-0.29	-0.11	-0.26	-0.07	0.64	-0.14	-0.29	0.14	0.03	-0.12	-0.12	0.45	-0.21
Common Stock Shares Outstanding	-0.14	-0.19	-0.81		0.1	-0.12	-0.1	0.16	-0.5	0.17	0.01	-0.75	-0.14	-0.12	-0.29	0.19	-0.15	-0.73	-0.08	0.14	-0.51	-0.23	-0.05	-0.2	-0.55	0.02
Other Stockholder Equity	-0.73	-0.79	0.41	0.1		-0.68	-0.73	-0.63	-0.67	0.18	-0.82	0.28	-0.74	-0.95	-0.76	-0.56	-0.71	-0.12	-0.7	-0.51	-0.7	-0.66	-0.66	-0.81	-0.41	-0.69
Total Liab	0.99	0.91	-0.08	-0.12	-0.68		0.99	0.72	0.8	0.25	0.71	0.04	0.99	0.85	0.78	0.89	0.99	0.3	0.99	0.65	0.76	0.99	1.0	0.96	0.83	0.88
Short Long Term Debt Total	1.0	0.93	-0.13	-0.1	-0.73	0.99		0.71	0.8	0.16	0.75	0.01	1.0	0.88	0.8	0.88	0.99	0.24	1.0	0.65	0.76	0.99	0.99	0.97	0.81	0.89
Other Current Liab	0.74	0.76	-0.29	0.16	-0.63	0.72	0.71		0.45	0.16	0.51	-0.5	0.69	0.75	0.52	0.79	0.73	0.02	0.71	0.61	0.39	0.68	0.72	0.66	0.47	0.87
Total Current Liabilities	0.8	0.76	0.14	-0.5	-0.67	0.8	0.8	0.45		0.2	0.8	0.29	0.81	0.74	0.94	0.59	0.8	0.62	0.79	0.61	0.95	0.82	0.77	0.85	0.75	0.6
Other Liab	0.16	-0.09	0.05	0.17	0.18	0.25	0.16	0.16	0.2		0.15	0.08	0.14	-0.09	0.16	0.3	0.15	0.38	0.18	0.41	0.1	0.16	0.29	0.1	0.08	0.01
Property Plant And Equipment Net	0.73	0.69	-0.45	0.01	-0.82	0.71	0.75	0.51	0.8	0.15		-0.21	0.75	0.79	0.9	0.65	0.71	0.21	0.74	0.76	0.73	0.67	0.72	0.78	0.36	0.6
Current Deferred Revenue	0.01	-0.06	0.83	-0.75	0.28	0.04	0.01	-0.5	0.29	0.08	-0.21		0.04	-0.21	0.05	-0.19	0.03	0.62	0.01	-0.19	0.31	0.14	0.01	0.05	0.45	-0.27
Net Debt	0.99	0.92	-0.11	-0.14	-0.74	0.99	1.0	0.69	0.81	0.14	0.75	0.04		0.88	0.81	0.86	0.99	0.25	1.0	0.62	0.78	0.99	0.98	0.98	0.81	0.88
Retained Earnings	0.89	0.94	-0.29	-0.12	-0.95	0.85	0.88	0.75	0.74	-0.09	0.79	-0.21	0.88		0.8	0.75	0.88	0.17	0.86	0.58	0.74	0.84	0.83	0.92	0.63	0.87
Accounts Payable	0.8	0.78	-0.11	-0.29	-0.76	0.78	0.8	0.52	0.94	0.16	0.9	0.05	0.81	0.8		0.6	0.79	0.5	0.79	0.62	0.94	0.78	0.77	0.87	0.6	0.62
Cash	0.89	0.82	-0.26	0.19	-0.56	0.89	0.88	0.79	0.59	0.3	0.65	-0.19	0.86	0.75	0.6		0.88	0.07	0.89	0.81	0.48	0.85	0.91	0.79	0.64	0.88
Non Current Assets Total	1.0	0.95	-0.07	-0.15	-0.71	0.99	0.99	0.73	0.8	0.15	0.71	0.03	0.99	0.88	0.79	0.88		0.28	0.99	0.62	0.76	0.99	0.98	0.97	0.85	0.91
Non Currrent Assets Other	0.28	0.23	0.64	-0.73	-0.12	0.3	0.24	0.02	0.62	0.38	0.21	0.62	0.25	0.17	0.5	0.07	0.28		0.23	0.18	0.63	0.33	0.26	0.33	0.51	0.03
Long Term Debt	0.99	0.91	-0.14	-0.08	-0.7	0.99	1.0	0.71	0.79	0.18	0.74	0.01	1.0	0.86	0.79	0.89	0.99	0.23		0.65	0.74	0.98	0.99	0.96	0.8	0.88
Cash And Short Term Investments	0.64	0.57	-0.29	0.14	-0.51	0.65	0.65	0.61	0.61	0.41	0.76	-0.19	0.62	0.58	0.62	0.81	0.62	0.18	0.65		0.44	0.59	0.67	0.57	0.35	0.58
Net Receivables	0.76	0.74	0.14	-0.51	-0.7	0.76	0.76	0.39	0.95	0.1	0.73	0.31	0.78	0.74	0.94	0.48	0.76	0.63	0.74	0.44		0.78	0.72	0.86	0.7	0.53
Good Will	0.99	0.93	0.03	-0.23	-0.66	0.99	0.99	0.68	0.82	0.16	0.67	0.14	0.99	0.84	0.78	0.85	0.99	0.33	0.98	0.59	0.78		0.98	0.96	0.89	0.88
Non Current Liabilities Total	0.98	0.88	-0.12	-0.05	-0.66	1.0	0.99	0.72	0.77	0.29	0.72	0.01	0.98	0.83	0.77	0.91	0.98	0.26	0.99	0.67	0.72	0.98		0.95	0.79	0.87
Inventory	0.97	0.93	-0.12	-0.2	-0.81	0.96	0.97	0.66	0.85	0.1	0.78	0.05	0.98	0.92	0.87	0.79	0.97	0.33	0.96	0.57	0.86	0.96	0.95		0.78	0.83
Other Current Assets	0.83	0.8	0.45	-0.55	-0.41	0.83	0.81	0.47	0.75	0.08	0.36	0.45	0.81	0.63	0.6	0.64	0.85	0.51	0.8	0.35	0.7	0.89	0.79	0.78		0.72
Property Plant And Equipment Gross	0.91	0.93	-0.21	0.02	-0.69	0.88	0.89	0.87	0.6	0.01	0.6	-0.27	0.88	0.87	0.62	0.88	0.91	0.03	0.88	0.58	0.53	0.88	0.87	0.83	0.72

Click cells to compare fundamentals

Celanese Account Relationship Matchups

Celanese fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.5B	10.9B	12.0B	26.3B	26.6B	27.9B
Total Stockholder Equity	2.5B	3.5B	4.2B	5.6B	7.1B	7.4B
Other Assets	434M	1.2B	769M	1.4B	1.2B	974.8M
Common Stock Shares Outstanding	124.7M	118.5M	112.1M	109.2M	109.4M	145.0M
Liabilities And Stockholders Equity	9.5B	10.9B	12.0B	26.3B	26.6B	27.9B
Other Stockholder Equity	(3.6B)	(4.2B)	(5.2B)	(5.1B)	(5.1B)	(4.8B)
Total Liab	6.6B	7.0B	7.4B	20.2B	19.0B	20.0B
Short Long Term Debt Total	4.1B	3.9B	4.2B	15.0B	14.1B	14.8B
Other Current Liab	461M	680M	473M	436M	1.1B	1.1B
Total Current Liabilities	1.8B	2.0B	2.5B	4.1B	4.1B	2.1B
Other Liab	1.2B	1.6B	1.6B	2.4B	2.1B	1.5B
Property Plant And Equipment Net	3.9B	4.2B	4.4B	6.0B	6.0B	3.7B
Current Deferred Revenue	78M	17M	81M	808M	25M	23.8M
Net Debt	3.6B	3.0B	3.6B	13.5B	12.3B	12.9B
Retained Earnings	6.4B	8.1B	9.7B	11.3B	12.9B	13.6B
Accounts Payable	780M	797M	1.2B	1.5B	1.5B	895.1M
Cash	463M	955M	536M	1.5B	1.8B	1.9B
Non Current Assets Total	6.7B	7.1B	8.2B	19.7B	20.4B	21.4B
Long Term Debt	3.4B	3.2B	3.2B	13.4B	12.3B	12.9B
Cash And Short Term Investments	503M	1.5B	546M	1.5B	1.8B	939.6M
Net Receivables	1.2B	1.2B	1.7B	2.1B	1.8B	1.4B
Good Will	1.1B	1.2B	1.4B	7.1B	7.0B	7.3B
Non Current Liabilities Total	4.8B	5.0B	4.9B	16.1B	15.0B	15.7B
Inventory	1.0B	978M	1.5B	2.8B	2.4B	2.5B
Other Current Assets	43M	55M	70M	241M	272M	285.6M
Property Plant And Equipment Gross	3.9B	4.2B	4.2B	5.6B	10.1B	10.6B
Total Current Assets	2.8B	3.8B	3.8B	6.6B	6.2B	3.5B
Accumulated Other Comprehensive Income	(300M)	(328M)	(329M)	(518M)	(744M)	(706.8M)
Treasury Stock	(3.8B)	(4.5B)	(5.5B)	(5.5B)	(4.9B)	(4.7B)
Intangible Assets	312M	319M	735M	4.1B	4.0B	4.2B
Common Stock	16.9K	16.9K	17.0K	17.0K	15.3K	14.5K
Property Plant Equipment	3.7B	3.9B	4.4B	5.6B	6.4B	3.5B
Short Term Investments	31M	40M	533M	10M	11.5M	10.9M
Net Tangible Assets	1.3B	2.2B	2.0B	6.0B	6.9B	7.2B
Noncontrolling Interest In Consolidated Entity	391M	369M	348M	468M	538.2M	277.1M
Retained Earnings Total Equity	6.4B	8.1B	9.7B	11.3B	13.0B	13.6B
Long Term Debt Total	3.4B	3.2B	3.2B	13.4B	15.4B	16.1B

Pair Trading with Celanese

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Celanese position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Celanese will appreciate offsetting losses from the drop in the long position's value.

Moving against Celanese Stock

0.63	NC	NACCO Industries	Pair Corr
0.59	MP	MP Materials Corp	Pair Corr
0.51	X	United States Steel	Pair Corr

The ability to find closely correlated positions to Celanese could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celanese when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Celanese - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Celanese to buy it.

The correlation of Celanese is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Celanese moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celanese moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Celanese can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Celanese is a strong investment it is important to analyze Celanese's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celanese's future performance. For an informed investment choice regarding Celanese Stock, refer to the following important reports:

How To Invest In Celanese

Details

Is Celanese Stock a good investment?

Details

What is Celanese's Net Worth?

Details

Largest Specialty Chemicals Companies

View

Largest Materials Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.

Note that the Celanese information on this page should be used as a complementary analysis to other Celanese's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Celanese Stock analysis

When running Celanese's price analysis, check to measure Celanese's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Celanese is operating at the current time. Most of Celanese's value examination focuses on studying past and present price action to predict the probability of Celanese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celanese's price. Additionally, you may evaluate how the addition of Celanese to your portfolios can decrease your overall portfolio volatility.

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Is Celanese's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celanese. If investors know Celanese will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celanese listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Dividend Share

2.8

Earnings Share

18.01

Revenue Per Share

100.506

Quarterly Revenue Growth

0.094

The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celanese's market value can be influenced by many factors that don't directly affect Celanese's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Celanese Net Debt vs Non Current Assets Total Analysis

Net Debt vs Non Current Assets Total

Net Debt vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Net Debt

Non Current Assets Total

Celanese fundamental ratios Correlations

Celanese Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Celanese fundamental ratios Accounts

Pair Trading with Celanese

Moving against Celanese Stock

Complementary Tools for Celanese Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Liab
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt

Retained Earnings	- 0.95	Other Stockholder Equity
Property Plant And Equipment Net	- 0.82	Other Stockholder Equity
Inventory	- 0.81	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.81	Other Assets
Other Stockholder Equity	- 0.79	Total Stockholder Equity
Accounts Payable	- 0.76	Other Stockholder Equity